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Lanka Sathosa also known as Sathosa is a wholesale and retail chain located in Sri Lanka. It is considered to be the largest state-owned retail chain in the country and was established in 2005. [1] Sathosa was incorporated as a state-owned enterprise under Companies Act no 7 of 2007 and it is regulated by the Ministry of Trade, Commerce & Food ...
Following the economic crisis of 2022, the Sri Lankan government has been exploring approaches to privatising several state-owned companies including SriLankan Airlines. In 2023, the Sri Lankan government set up the 'State-Owned Enterprise Restructuring Unit' (SRU) under the Ministry of Finance to assist in the privatisation of state-owned ...
Ministry of Finance, Economic Stabilization and National Policies; මුදල්, ආර්ථික ස්ථායිකරණ සහ ජාතික ප්රතිපත්ති අමාත්යාංශය
In June 2024, the Ranil Wickremasinghe led government made attempts to revive the Enterprise Sri Lanka scheme by reaching a consensus to establish a new consolidated agency under the same name for the monitoring, supervision and development of the small and medium scale businesses which were severely impacted by the effect of the Sri Lankan ...
In the late 1980s, the government began to reform the state-owned enterprise, and during the 1990s and 2000s, many mid-sized and small sized state-owned enterprises were privatized and went public. There are a number of different corporate forms which result in a mixture of public and private capital.
The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
Airport and Aviation Services (Sri Lanka) Limited; The Associated Newspapers of Ceylon Ltd; B.C.C. Lanka Ltd; B.O.C. Bank; CTB BUS; Lynx BUS; Building Materials Corporation Ltd